Ovintiv (OVV) Tax Rate (2018 - 2026)
Ovintiv (OVV) posted Tax Rate of 15.4% for Q2 2026, down 35.36% on a QoQ basis from 23.82% in Q1 2026, and down 766.0% year-over-year from 2.31% in Q2 2025.
Analysis
Ovintiv (OVV) Tax Rate (2018 - 2026) Analysis & Trends
Ovintiv has reported Tax Rate for 9 years, with the latest figure at 15.4% in Q2 2026.
- On a quarterly basis, Tax Rate fell 766.0% year-over-year to 15.4% in Q2 2026; TTM through Jun 2026 was 89.32%, a 11119.0% decrease from a year earlier, with the FY2025 full-year figure at 38.85%, down 5558.0% from the prior year.
- Tax Rate was 15.4% for Q2 2026 at Ovintiv, down from 23.82% in the prior quarter.
- The five-year high for Tax Rate was 40.59% in Q4 2024, with the low at 70.26% in Q4 2025.
- Average Tax Rate over 5 years is 9.09%, with a median of 18.16% recorded in 2023.
- The sharpest annual moves came in 2022 and 2025: Tax Rate surged 13436 bps in 2022, then plunged 11085 bps in 2025.
- Over 5 years, Tax Rate stood at 20.27% in 2022, then soared by 198 bps to 19.78% in 2023, then jumped by 105 bps to 40.59% in 2024, then plunged by 273 bps to 70.26% in 2025, then soared by 122 bps to 15.4% in 2026.
- The last three Tax Rate figures came in at 15.4% (Q2 2026), 23.82% (Q1 2026), and 70.26% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 35.37% |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 18.22% |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 22.15% |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 22.01% |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 22.36% |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 22.32% |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 21.99% |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 15.40% |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 18.32% |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 21.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.40% |
| Mar 31, 2026 | 23.82% |
| Dec 31, 2025 | -70.26% |
| Sep 30, 2025 | 22.92% |
| Jun 30, 2025 | 23.06% |
| Mar 31, 2025 | -22.28% |
| Dec 31, 2024 | 40.59% |
| Sep 30, 2024 | 9.14% |
| Jun 30, 2024 | 27.04% |
| Mar 31, 2024 | 21.03% |
| Dec 31, 2023 | 19.78% |
| Sep 30, 2023 | 16.54% |
| Jun 30, 2023 | 23.11% |
| Mar 31, 2023 | 20.55% |
| Dec 31, 2022 | -20.27% |
| Sep 30, 2022 | 6.91% |
| Jun 30, 2022 | 4.57% |
| Mar 31, 2022 | 2.03% |
| Dec 31, 2021 | -0.14% |
| Sep 30, 2021 | -1.41% |